Panasonic Appliances Annual Report | Balance Sheet for FY 2022-23

Panasonic Appliances India Company Limited (Panasonic Appliances ) Return Comparision with Primex 40 Index

Periods	1 Week	1 Month	3 Months	6 Months	1 Year	3 Years	All Time
Primex-40
Panasonic Appliances India Company Limited

Panasonic Appliances India Limited Balance Sheet (In Rs. Crores)

Particulars	As at 31 March 2023	As at 31 March 2022
ASSETS
Non-current assets
Property, plant and equipment	53.54	33.78
Intangible assets	0.10	0.11
Capital work in progress	0.08	0.26
Long-term loans and advances	6.46	4.66
Other non-current assets	0.83	0.68
Total	61.01	39.49
Current assets
Inventories	37.00	46.63
Trade receivables	34.33	42.48
Cash and bank balances	1.73	0.98
Short-term loans and advances	8.54	16.03
Other current assets	0.85	2.41
Total	82.46	108.52
Total Assets	143.47	148.01
EQUITY AND LIABILITIES
Shareholders ' funds
Share capital	12.68	12.68
Reserves and surplus	43.28	54.31
Total	55.95	66.99
Non-current liabilities
Long-term borrowings	21.63	0.18
Deferred tax liabilities (net)	1.00	0.64
Long-term provisions	1.81	1.40
Total	24.43	2.21
Current liabilities
Short-term borrowings	10.38	13.08
Trade payables
(A) Outstanding due of Micro/Small Enterprise	2.54	1.92
(B) Outstanding dues of other than Micro/Small enterprise	41.25	54.87
Other Financial Liabilities	7.13	4.97
Provisions	1.79	3.97
Total	63.09	78.81
Total Equity & Liabilities	143.47	148.01

Panasonic Appliances India Limited Profit & Loss Statement (In Rs. Crores)

PARTICULARS	2023	2022
Revenue from Operations	336.11	351.92
Other Income	5.98	4.50
Total Income	342.09	356.42
EXPENSES
Cost of Materials consumed:	206.32	220.49
Purchase of Stock in Trade	2.83	4.53
Changes in Inventories of Finished Goods, Stock in Trade & Work in progress	5.83	-4.80
Employee Benefit Expenses	34.55	30.68
Finance Costs	2.12	0.73
Depreciation & Amortization Expenses	5.37	5.31
Other Expenses	84.14	88.39
Total Expenses	341.16	345.33
Profit/Loss before Tax	0.93	11.09
Tax Expenses:
Current Tax	0.16	2.03
Less: Minimum Alternate Tax (‘MAT’) credit entitlement	-0.16	-1.91
Deferred Taax	-	0.12
Total tax expenses	0.36	0.64
Profit & Loss for the period	0.36	0.75
Total Comprehensive Income	0.56	10.33
Earning per Equity Share
Basic	0.45	8.15
Diluted	0.45	8.15

Panasonic Appliances India Limited’s Cash Flow Statement (In Rs. Crores)

Particulars	31st March 2023	31 March 2022
A. Cash Flow from Operating Activities
Net Profit after Tax as per Statement of Profit and Loss	0.93	11.09
Adjustments to reconcile profit before tax to cash generated by operating activities :
Depreciation and Amortization expenses	5.37	5.31
Interest income	-0.12	-0.04
Liabilities no longer required written back	-0.05	-0.07
Provision for doubtful trade receivables	-	0.04
Provision for inventories	0.04	0.33
Inventory written off	0.05	0.08
Unrealised foreign exchange loss	0.01	-0.03
Finance costs	2.12	0.73
Loss/ (Profit) on sale/retirement of property, plant and equipment	0.12	-0.00
Operating cash flow before working capital changes	8.46	17.45
Movements in working capital:
Decrease/(increase) in inventories	9.53	-14.73
Decrease/(increase) in trade receivables	8.16	-10.39
Decrease/(increase) in other assets	8.92	-7.25
(Decrease)/increase in trade payables	-12.97	10.06
Increase in other current liabilities	0.67	0.35
Increase in long-term and short-term provisions	0.02	0.39
Cash Generated from Operationg Activities	22.79	-4.12
Income Tax	-1.94	-2.06
Net cash generated from operating activities	20.85	-6.18
B. Cash flows from investing activities
Payment towards purchase of property, plant and equipment	-25.53	-7.00
Proceeds from sale of property, plant and equipment	0.10	0.13
Interest received	0.10	0.04
Net cash used in investing activities	-25.32	-6.83
C. Cash flows from financing activities
Proceeds from borrowings	26.00	1.30
Borrowings repaid	-2.25	-2.54
Amount taken for short term purpose	256.31	231.29
Repayment of amount taken for short term purpose	-261.31	-220.29
Dividends paid on equity shares	-11.60	-
Finance costs paid	-2.07	-0.73
Net Cash Flow from financing activities	5.08	9.02
Net Increase/Decrease in Cash (A+B+C)-	0.61	-3.99
Add: Cash and Cash Equivalents at beginning	0.98	4.97
Cash and Cash Equivalents as at end	1.59	0.98

Panasonic Appliances India Limited Key Financial Ratios

Particulars	31-Mar-23	31-Mar-22
Current Ratio (in times)	1.31	1.38
Debt-Equity Ratio (in times)	0.57	0.2
Return on Equity Ratio (in %)	0.92%	16.72%
Inventory Turnover Ratio (in times)	8.04	8.92
Trade Receivables Turnover Ratio (in times)	8.75	9.45
Trade Payable Turnover Ratio (in times)	4.08	4.54
Net Capital Turnover Ratio (in times)	14.12	11.07
Net Profit Ratio (in %)	0.17%	2.94%
Return on Capital Employed Ratio (in %)	3.42%	14.61%

Panasonic Appliances India Limited share Dividend History

Particulars	2023	2022
Dividend per Share	0.27	9.15
Retained Earnings (In Rs. Crores)	43.28	54.31

Panasonic Appliances India Limited Recent Financial Performance

Revenue from Operations:

In 2023, revenue from operations decreased to ₹336.11 crores, down from ₹351.92 crores in 2022.
The decrease in revenue may indicate challenges in sales or market conditions, warranting a closer look into factors affecting the top line.

Profit/Loss before Tax (in crores):

The company 's profit before tax significantly decreased in 2023 to ₹0.93 crores compared to ₹11.09 crores in 2022.
This substantial decline in pre-tax profit could be due to increased expenses or decreased revenue, impacting overall profitability.

Earnings per Equity Share :

Basic and diluted earnings per equity share in 2023 were ₹0.45 crores, down from ₹8.15 crores in 2022.
The sharp decline in EPS indicates reduced earnings available to shareholders, possibly affecting investor sentiment.

In summary, the financial performance in 2023 generally saw a decline in revenue and profitability, though operating cash flow improved significantly. The company also increased its investments in property and equipment. However, the positive net increase in cash and cash equivalents suggests improved liquidity in 2023 compared to 2022. Further analysis would be required to understand the specific reasons behind these changes and their implications for the company 's overall financial health.

Panasonic Appliances Annual Reports, Balance Sheet and Financials

Panasonic Appliances India Company Limited (Panasonic Appliances ) Return Comparision with Primex 40 Index

Panasonic Appliances India Limited Balance Sheet (In Rs. Crores)

Panasonic Appliances India Limited Profit & Loss Statement (In Rs. Crores)

Panasonic Appliances India Limited’s Cash Flow Statement (In Rs. Crores)

Panasonic Appliances India Limited Key Financial Ratios

Panasonic Appliances India Limited share Dividend History

Panasonic Appliances India Limited Recent Financial Performance

Annual Report

Panasonic Appliances Annual Report 2022-23

Panasonic Appliances Annual Report 2021-22

Panasonic Appliances Annual Report 2020-21

Panasonic Appliances Annual Report 2019-20

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